Tax season is coming up and this can be a scary time for many of us. And why is it scary? Because maybe you don't really know how to set up your business correctly, and you know that if you were to be audited, the IRS would most likely find out you still owe them money...and now with penalties and interest.

Or worse maybe you have been intentionally cheating on your taxes and you know if you were to be audited, there's no way you to hide the illegal deductions or unreported income.

Tax season can be a scary time for beauty professionals but it doesn't have to be.

In this episode, we talk to April McDaniel, a CPA with Kopsa Otte. April and her team help beauty businesses like yours to pay the least amount of taxes over time so you can save money and also get better sleep at night not worrying about the IRS.

April sits down with us and shares things you should or should not write off on your taxes. She also goes into some red flags that the IRS looks for in businesses that are cutting corners on their taxes.

You don't need to be afraid of the IRS if you do your taxes right. Aside from not stressing about the IRS, April goes into some other benefits of reporting all your income that you might not have thought of.

We hope you'll be encouraged by this episode to get a bookkeeper as well as a CPA so that you can keep your company in compliance with the IRS and so you can build a financially sound business.

As always please DM us or email us your thoughts on this episode. We'd love to hear from you.

ANNOUNCEMENTS:

GIVING AWAY OVER $200 IN SPONSOR SWAG

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We will be drawing a winner on July 2, 2020

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LASCAST OPENING SCRIPT
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"Hi I’m (name) and I work at (name of biz) in (city, state) and I’m today’s guest announcer. You can find me on Instagram at (IG handle)! Cue the music…

In an industry where most of us spend the majority of our time working alone in a room, this podcast was created so you can learn, be encouraged and find a connection with other lash and beauty professionals. This is the LashCast Podcast and here’s your host, Paul Luebbers."

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Contact Paul Luebbers: [email protected]